Any contractual arrangement between governments addressing their trading interactions is referred to as a trade agreement. Trade treaties can be bilateral or multilateral, that is, among two or more states.
<h3>Why are trade agreements important?</h3>
Countries engage in international trade because there are financial benefits to be had. These benefits include expanded product diversity, cheaper pricing, superior quality, enhanced technological spread, and increased consumption by the country as a whole. Increased trade openness has been associated with higher GDP growth.
Thus Option C is correct about the trade agreement.
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Answer:
$18,000
Explanation:
The computation of the amount of manufacturing overhead is shown below:
But before that first determine the overhead rate which is
= $30,000 ÷ 2,000
= $15
Now the amount of manufacturing overhead applied for Job A-101 is
= $1,200 × $15
= $18,000
Hence, the amount of applied manufacturing overhead is $18,000
Answer:
cannibalization
Explanation:
Based on the information provided within the question it can be said that in this scenario the company is experiencing cannibalization. In the context of business strategies, this term refers to when a company experiences loss in sales revenue, volume, or even market share caused by introducing a new product by the same producer into the market. Which is what happened in this scenario as the company introduced Funday Film.
Answer: The correct option is B. an increase in quantity supplied of laptops.
Explanation: Supply is the amount of goods and services that a given firm is willing and able to sell to the market, at a given price and at a given point in time.
Factors that affect supply include:
- Price
- Cost of Production
- Technology
- Transport Conditions
- Government's Policies
- Prices of Related Goods, and so on.
In the scenario given in the question above, if an improved technology is being used to manufacture laptops, this will cause production costs to decrease, and cause output level to increase, thereby leading to a lower price of the laptops.
At this price, consumers will demand more of the laptops, and an increase in demand will definitely lead to an increase in the quantity of laptops that will be supplied to the market.
Answer:
Call in Arrear
The company calls for money from shareholders when needed within a certain period. If the shareholder is not able to pay the call amount due on an allotment or on any calls according to the terms before or on the specific date fixed for payment, such amount is taken as 'call in arrears'.
Explanation:
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